Restaurant Owner/User Opportunity with Apartments

For Sale

11020-11070 SE Main Street, Milwaukie, OR 97222

This Milwaukie property for sale is located at 11020-11070 SE Main Street. The current listed sale price for Restaurant Owner/User Opportunity with Apartments is $2,450,000. Restaurant Owner/User Opportunity with Apartments is situated on a lot that is 12,339 acre in size.

Contacts

broker

Thomas McDowell

Norris & Stevens

Property Details

  • Property Type Retail - Street Retail
  • Property Size 15,454 SF
  • Lot Size 12,339 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Sep 12, 2024
Norris & Stevens is pleased to present the sale of three tax lots totaling 12,339 square feet of land, and approximately 15,454 square feet of mixed-use space across two buildings in historic downtown Milwaukie, Oregon. Libbie's Restaurant has operated in the property for over 40 years, and includes six apartment units on the second floor. The Golden Nugget Bar operates in the adjacent building, and the third parcel is a surface parking lot.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Location - Situated on Main Street in charming historic downtown Milwaukie, Oregon
  • Opportunity - 2 buildings with 2 bars, plus a commercial kitchen located in Libbie’s restaurant
  • Solid income - 9 lottery machines in 2023 generating over $131,000
  • Stable - Long-term tenants in the 6 apartments with below-market rents
  • All included - Businesses, plus furniture, fixtures and equipment are included
  • Bonus - Full basement of approximately 4,760 square feet located under Libbie's restaurant. Basement has large walk-in cooler, shop area, storage, bakery room with abundant dry storage area, two commercial sinks, pizza oven, and a large office.
  • Events - Banquet/Meeting room in back of Libbie’s restaurant
  • Parking - 21 on-site parking spaces plus street parking
  • Future redevelopment site - apartments
  • City Grants - Milwaukie is business-friendly

Attachments

Getting around

  • 83/100

    Walk Score ®

  • 55/100

    Transit Score ®

  • 75/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Milwaukie, OR
  • Neighborhood Historic Milwaulkie
  • Zip Code 97222
  • Market Portland

Points of Interest

  • Willamette Shore Trolley Lake Oswego Station

    1.98 miles

  • Oaks Park

    2.23 miles

  • Bancroft Street

    3.78 miles

  • Lents Town Center/Southeast Foster Road

    4.43 miles

  • Marquam Hill

    4.44 miles

  • Southeast Water/OMSI

    4.56 miles

  • Southeast Martin Luther King & Mill

    4.72 miles

  • Southeast Grand & Mill

    4.73 miles

  • Southeast Holgate Boulevard

    4.91 miles

  • PSU South/Southwest 5th & Jackson

    5.01 miles

  • Astro

    0.05 miles

  • 76

    0.07 miles

  • PGE Electric Avenue Milwaukie

    0.12 miles

  • Tesla Destination Charger

    0.14 miles

  • Chevron

    0.59 miles

  • Safeway Fuel Station

    1.08 miles

  • Fred Meyer

    1.30 miles

  • Shell

    1.64 miles

  • Electrify America

    2.02 miles

  • Blink

    3.25 miles

  • Milwaukie

    0.65 miles

  • SE Park Ave

    0.97 miles

  • SE Tacoma/Johnson Creek

    1.33 miles

  • Horse Parking

    1.67 miles

  • Christ Church Parish

    2.38 miles

  • West Parking

    2.63 miles

  • East Parking

    2.66 miles

  • North Parking

    2.84 miles

  • Oaks Bottom Trail Head

    2.99 miles

  • Lake Oswego United Methodist Church

    3.16 miles

  • Libbie's

    0.00 miles

  • Cha! Cha! Cha!

    0.01 miles

  • Ovation Bistro & Bar

    0.04 miles

  • Main Street Soda Fountain

    0.07 miles

  • Gramma's Corner Restaurant

    0.10 miles

  • Teppanyaki Hut

    0.14 miles

  • Milwaukie Station Food Cart Pod

    0.14 miles

  • Thai Street

    0.15 miles

  • The Greek Gods Gyro

    0.15 miles

  • Puddletown Bagels

    0.15 miles

  • New Seasons Market

    0.67 miles

  • Safeway

    1.14 miles

  • Fred Meyer

    1.86 miles

  • Whole Foods Market

    2.15 miles

  • Montelupo Italian Market

    2.18 miles

  • QFC

    2.33 miles

  • Walmart Neighborhood Market

    2.36 miles

  • Grocery Outlet

    2.51 miles

  • Zupan's

    2.54 miles

  • Big Lots

    2.60 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Thomas McDowell

Norris & Stevens